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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: Step1 who wrote (1932)6/22/1999 11:43:00 AM
From: Professor Dotcomm  Read Replies (2) of 3902
 
Salutary points you raise and the advice is sound and (may be) correct.

What I see in North America are more and more people dismayed at stock market levels, dismayed even more at derisory interest yields and wonder what mutual fund they can stash their savings. (Yes, I believe Americans are savers but the statistics only seem to count debt instruments or deposits as <savings>.

Then a tiny - but growing - proportion see what the Dow was in January 1990 and where the Nikkei was too. This may have helped to reinforce the foreign buying of Japanese stocks. However, until we see convincing evidence that the Japanese are buying their own market, the Nikkei is still very vulnerable to market levels in the US.

All this may seem unduly simplistic but it is often the simplistic that makes the necessary sea change first.
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